XML 51 R31.htm IDEA: XBRL DOCUMENT v3.3.0.814
Loans (Tables)
 9 Months Ended
Sep. 30, 2015
Loans [Abstract]  
Schedule Of Loans By Portfolio Segment
The following table provides the balance of loans by portfolio segment as of September 30, 2015 and 2014, and December, 31 2014:
September 30December 31
(Dollars in thousands)   2015  2014  2014  
Commercial:        
Commercial, financial, and industrial$9,610,295  $8,477,329  $9,007,286  
Commercial real estate1,488,044  1,278,394  1,277,717  
Retail:      
Consumer real estate (a)4,813,936  5,130,988  5,048,071  
Permanent mortgage463,893  572,789  538,961  
Credit card & other349,324  352,517  358,131  
Loans, net of unearned income$16,725,492  $15,812,017  $16,230,166  
Allowance for loan losses210,814  238,641  232,448  
Total net loans$16,514,678  $15,573,376  $15,997,718  

(a) Balances as of September 30, 2015 and 2014, and December 31, 2014 include $59.3 million, $81.1 million, and $76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Rollforward [Table Text Block]
The following table presents a rollforward of the accretable yield for the three and nine months ended September 30, 2015 and 2014:
Three Months EndedNine Months Ended
September 30September 30
(Dollars in thousands)2015201420152014
Balance, beginning of period$8,348$16,509$14,714$13,490
Additions---335
Accretion(1,037)(1,829)(5,985)(5,413)
Adjustment for payoffs(835)(828)(2,931)(1,550)
Adjustment for charge-offs-(10)-(79)
Increase in accretable yield (a)5002,2311,1789,290
Balance, end of period$6,976$16,073$6,976$16,073

Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment [Table Text Block]
At September 30, 2015, the ALLL related to PCI loans was $2.9 million compared to $2.8 million at September 30, 2014. A loan loss provision expense of $.1 million was recognized during the three months ended September 30, 2015 as compared to a loan loss provision expense of $.4 million recognized during the three months ended September 30, 2014. A loan loss provision credit of $.4 million was recognized during the nine months ended September 30, 2015 as compared to a loan loss provision expense of $2.1 million recognized during the nine months ended September 30, 2014. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of September 30, 2015 and 2014, and December 31, 2014:
September 30, 2015September 30, 2014December 31, 2014
(Dollars in thousands)Carrying valueUnpaid balanceCarrying valueUnpaid balanceCarrying valueUnpaid balance
Commercial, financial and industrial $4,767$5,353$5,028$6,155$5,044$5,813
Commercial real estate 17,99821,13831,66042,89032,55343,246
Consumer real estate 1,9682,636585875598868
Credit card and other 61011161014
Total $24,739$29,137$37,284$49,936$38,205$49,941
Information By Class Related To Individually Impaired Loans
Impaired Loans
The following tables provide information at September 30, 2015 and 2014, by class related to individually impaired loans and consumer TDR's. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, PCI loans and net LOCOM have been excluded.
September 30, 2015Three Months EndedNine Months Ended
September 30, 2015September 30, 2015
  Unpaid  AverageInterestAverageInterest
RecordedPrincipalRelatedRecordedIncomeRecordedIncome
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognizedInvestmentRecognized
Impaired loans with no related allowance recorded:        
Commercial:        
General C&I$5,586  $7,266  $-$8,994  $-$11,202  $-
Income CRE2,468  9,389  -3,328  -4,631  -
Residential CRE-  -  --  -191  -
Total$8,054  $16,655  $-$12,322  $-$16,024  $-
Retail:        
HELOC (a)$11,000  $28,486  $-$11,788  $-$12,455  $-
R/E installment loans (a)4,404  5,756  -4,682  -4,696  -
Permanent mortgage (a)5,983  8,255  -6,193  -6,743  -
Total$21,387  $42,497  $-$22,663  $-$23,894  $-
Impaired loans with related allowance recorded:        
Commercial:        
General C&I$21,319  $25,515  $846$25,934  $238$24,702  $727
TRUPS13,369  13,700  5,31013,384  -13,414  -
Income CRE6,424  7,709  4966,606  326,962  95
Residential CRE1,417  1,886  911,468  61,512  19
Total$42,529  $48,810  $6,743$47,392  $276$46,590  $841
Retail:        
HELOC$89,199  $91,382  $17,200$88,245  $474$86,359  $1,383
R/E installment loans65,465  66,431  16,71866,367  35268,274  1,010
Permanent mortgage99,071  111,683  15,69699,913  613102,341  1,841
Credit card & other380  380  168399  3453  11
Total$254,115  $269,876  $49,782$254,924  $1,442$257,427  $4,245
Total commercial$50,583  $65,465  $6,743$59,714  $276$62,614  $841
Total retail$275,502  $312,373  $49,782$277,587  $1,442$281,321  $4,245
Total impaired loans$326,085  $377,838  $56,525$337,301  $1,718$343,935  $5,086

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

September 30, 2014Three Months EndedNine Months Ended
September 30, 2014September 30, 2014
  Unpaid  AverageInterestAverageInterest
RecordedPrincipalRelatedRecordedIncomeRecordedIncome
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognizedInvestmentRecognized
Impaired loans with no related allowance recorded:        
Commercial:        
General C&I$15,594  $17,185  $-$15,542  $-$16,910  $-
TRUPS-----1,083-
Income CRE6,819  14,379  -6,829  -7,670  -
Residential CRE1,148  1,827  -1,148  -574  -
Total$23,561  $33,391  $-$23,519  $-$26,237  $-
Retail:        
HELOC (a)$14,036  $34,693  $-$15,713  $-$16,324  $-
R/E installment loans (a)5,640  7,221  -6,552  -8,729  -
Permanent mortgage (a)7,616  10,023  -7,739  -7,918  -
Total$27,292  $51,937  $-$30,004  $-$32,971  $-
Impaired loans with related allowance recorded:        
Commercial:        
General C&I$18,393  $22,579  $2,229$25,394  $79$25,895  $236
TRUPS13,490  13,700  3,8108,505  -13,540  -
Income CRE8,735  10,107  4818,789  6210,406  226
Residential CRE5,663  11,111  6235,846  596,233  183
Total$46,281  $57,497  $7,143$48,534  $200$56,074  $645
Retail:        
HELOC$81,422  $82,813  $17,061$79,352  $448$75,476  $1,339
R/E installment loans73,434  74,690  24,43174,091  30673,783  872
Permanent mortgage110,921  124,429  17,329111,263  709112,518  2,138
Credit card & other548  548  255536  5614  21
Total$266,325  $282,480  $59,076$265,242  $1,468$262,391  $4,370
Total commercial$69,842  $90,888  $7,143$72,053  $200$82,311  $645
Total retail$293,617  $334,417  $59,076$295,246  $1,468$295,362  $4,370
Total impaired loans$363,459  $425,305  $66,219$367,299  $1,668$377,673  $5,015

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

Balances Of Commercial Loan Portfolio Classes, Disaggregated By PD Grade
The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of September 30, 2015 and 2014:
September 30, 2015
Loans to      Allowance
GeneralMortgageIncomeResidentialPercentagefor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalof TotalLosses
PD Grade:      
1$529,836$-$-$707  $-  $530,543  5%$127  
2590,614--10,835  126  601,575  5322  
3453,831327,776-90,588  -  872,195  8311  
4822,515315,061-110,165  302  1,248,043  11949  
51,190,085239,391-234,729  7,015  1,671,220  156,901  
61,201,553350,401-347,740  2,793  1,902,487  1710,630  
71,278,44398,262-354,457  4,670  1,735,832  1613,891  
8747,76018,189-150,375  561  916,885  813,953  
9377,99826,240-42,995  2,212  449,445  48,310  
10188,711--30,515  89  219,315  24,635  
11186,974--28,004  747  215,725  25,861  
1280,836--9,095  516  90,447  12,975  
13112,423-305,3823,600  260  421,665  44,256  
14,15,16123,345--23,195  1,277  147,817  114,533  
Collectively evaluated for impairment7,884,9241,375,320305,3821,437,000  20,568  11,023,194  9987,654  
Individually evaluated for impairment26,904-12,7558,892  1,417  49,968  16,743  
Purchased credit-impaired loans5,010--18,5331,63425,177-2,414
Total commercial loans$7,916,838$1,375,320$318,137$1,464,425  $23,619  $11,098,339  100%$96,811

September 30, 2014
  Loans to          Allowance
GeneralMortgageIncomeResidentialPercent offor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalTotalLosses
PD Grade:            
1$441,590$-$-$221  $63  $441,8745%$-
2355,805--2,854  244  358,9034338
3412,11046,838-28,750  93  487,7915264
4446,092148,852-28,815  296  624,0556671
5947,041177,435-239,166  4,717  1,368,359142,741
61,090,900275,710-184,961  5,579  1,557,150161,790
71,178,283193,667-262,318  6,405  1,640,673172,777
8747,30588,114-183,145  4,195  1,022,759102,339
9540,47218,251-107,636  2,619  668,97874,559
10291,9848,774-39,306  1,216  341,28034,001
11314,927--33,214  2,825  350,96647,538
12106,550--29,250  928  136,72811,383
13115,198-325,8828,085  1,938  451,10356,716
14,15,16153,611--37,882  4,915  196,408240,279
Collectively evaluated for impairment7,141,868  957,641  325,882  1,185,603  36,033  9,647,027  99  75,396  
Individually evaluated for impairment33,987-12,87515,554  6,811  69,227  1  7,143  
Purchase credit-impaired loans5,076--32,5881,80539,469-2,781
Total commercial loans$7,180,931  $957,641  $338,757  $1,233,745  $44,649  $9,755,723  100% $85,320

Balances as of September 30, 2015 and 2014, each presented net of $26.2 million in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is "13".

Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC
The following tables reflect period end balances and average FICO scores by origination vintage for the HELOC, real estate installment, and permanent mortgage classes of loans as of September 30, 2015 and 2014:
HELOC
September 30, 2015September 30, 2014
  Average  Average    Average  Average
(Dollars in thousands) Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalanceFICOFICOBalanceFICOFICO
pre-2003$42,651  707  702  $61,659  708  703  
200379,768  720  710  111,031  722  709  
2004215,749  722  709  312,590  724  711  
2005341,878  730  715  476,226  732  722  
2006288,858  738  728  351,818  740  727  
2007310,250  744  729  369,635  744  729  
2008176,625  753  749  200,908  753  748  
200988,937  751  745  105,576  752  743  
201084,594  754  748  100,727  754  749  
201181,754  759  753  100,842  759  753  
2012103,906  760  756  121,149  759  757  
2013129,742757755158,256759760
2014115,44976176487,878761761
2015103,431762762---
Total$2,163,592  742  733  $2,558,295  741  732  
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The Real Estate Installment Loans
  
R/E Installment LoansSeptember 30, 2015September 30, 2014
  Average  Average    Average  Average
(Dollars in thousands) Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalance FICOFICOBalanceFICOFICO
pre-2003$8,701  677  689  $16,278  680  684  
200335,532  712  721  55,361  715  724  
200431,486  697  699  44,484  700  697  
200596,162  714  710  132,276  715  713  
2006108,731  712  703  143,601  714  701  
2007163,909  721  708  211,780  723  709  
200853,608  720  715  67,730  721  715  
200923,384  735  730  31,524  739  728  
201078,175  750  759  107,417  748  755  
2011242,096  760  760  296,440  760  759  
2012534,038  764  766  628,622  764  765  
2013424,674756757486,553756757
2014426,629756758350,627755754
2015423,219758754---
Total$2,650,344  750  749  $2,572,693  748  746  
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans
  
Permanent MortgageSeptember 30, 2015September 30, 2014
  Average  Average    Average  Average
(Dollars in thousands) Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalanceFICOFICOBalanceFICOFICO
pre-2004$120,411  722  718  $161,037  724  723  
200414,003  711  709  18,190  713  713  
200530,637  736  733  35,503  737  733  
200649,011  732  722  65,722  731  734  
2007168,663  734  713  201,640  734  735  
200881,168  741  712  90,697  742  736  
Total$463,893  730  716  $572,789  730  731  
Accruing And Non-Accruing Loans By Class
The following table reflects accruing and non-accruing loans by class on September 30, 2015:
Accruing  Non-Accruing  
  30-89  90+      30-89  90+  Total
DaysDaysTotalDaysDaysNon-Total
(Dollars in thousands)Current Past DuePast DueAccruingCurrent Past DuePast DueAccruingLoans
Commercial (C&I):                
General C&I$7,888,633  $6,095  $349  $7,895,077  $5,359  $1,553  $9,839  $16,751  $7,911,828  
Loans to mortgage companies1,373,103  2,102  -  1,375,205  -  -  115  115  1,375,320  
TRUPS (a)305,382  -  -  305,382  -  -  12,755  12,755  318,137  
Purchased credit-impaired loans4,705  -  305  5,010  -  -  -  -  5,010
Total commercial (C&I)9,571,8238,1976549,580,6745,359  1,553  22,709  29,6219,610,295
Commercial real estate:                
Income CRE1,435,395  2,394  -  1,437,789  914  -  7,189  8,103  1,445,892  
Residential CRE21,905  80  -  21,985  -  -  -  -  21,985  
Purchased credit-impaired loans16,172  3,845  150  20,167  -  -  -  -  20,167
Total commercial real estate1,473,4726,319  1501,479,941914  -  7,1898,1031,488,044
Consumer real estate:                
HELOC2,056,044  19,459  10,146  2,085,649  63,667  5,150  9,126  77,943  2,163,592  
R/E installment loans2,599,513  11,423  3,211  2,614,147  26,293  2,174  5,258  33,725  2,647,872  
Purchased credit-impaired loans2,383  -  89  2,472  -  -  -  -  2,472
Total consumer real estate4,657,940  30,882  13,446  4,702,268  89,960  7,324  14,384  111,668  4,813,936  
Permanent mortgage420,727  4,051  5,270  430,048  14,044  3,228  16,573  33,845  463,893  
Credit card & other                
Credit card187,770  2,049  1,171  190,990  -  -  -  -  190,990  
Other156,664  718  202  157,584  -  -  743  743  158,327  
Purchased credit-impaired loans7--7----7
Total credit card & other344,441  2,767  1,373  348,581  -  -  743  743  349,324  
Total loans, net of unearned$16,468,403  $52,216  $20,893  $16,541,512  $110,277  $12,105  $61,598  $183,980  $16,725,492  

Total TRUPS includes LOCOM valuation allowance of $26.2 million.

The following table reflects accruing and non-accruing loans by class on September 30, 2014:
Accruing  Non-Accruing  
30-8990+30-8990+Total 
   Days  Days  Total     Days  Days  Non-  Total
(Dollars in thousands) CurrentPast DuePast DueAccruingCurrentPast DuePast DueAccruingLoans
Commercial (C&I):  
General C&I$7,140,246  $5,515  $1,717  $7,147,478  $5,603  $1,469  $21,305  $28,377  $7,175,855  
Loans to mortgage companies956,861  650  -  957,511  -  -  130  130  957,641  
TRUPS (a)325,882  -  -  325,882  9,385  -  3,490  12,875  338,757  
Purchased credit-impaired loans4,710  366  -  5,076  -  -  -  -  5,076
Total commercial (C&I)8,427,6996,5311,7178,435,94714,988  1,469  24,925  41,3828,477,329
Commercial real estate:                  
Income CRE1,186,595  2,781  -  1,189,376  217  1,068  10,496  11,781  1,201,157  
Residential CRE40,249  189  -  40,438  1,254  -  1,152  2,406  42,844  
Purchased credit-impaired loans33,185  669  539  34,393  -  -  -  -  34,393
Total commercial real estate1,260,0293,639  5391,264,2071,471  1,068  11,64814,1871,278,394
Consumer real estate:                  
HELOC 2,437,982  23,816  11,645  2,473,443  68,785  5,784  10,283  84,852  2,558,295  
R/E installment loans2,515,705  12,721  4,965  2,533,391  29,306  2,585  6,768  38,659  2,572,050  
Purchased credit-impaired loans643  -  -  643  -  -  -  -  643
Total consumer real estate4,954,330  36,537  16,610  5,007,477  98,091  8,369  17,051  123,511  5,130,988  
Permanent mortgage523,150  7,635  8,030  538,815  15,215  4,063  14,696  33,974  572,789  
Credit card & other                
Credit card184,650  1,900  1,822  188,372  -  -  -  -  188,372  
Other162,088  1,190  164  163,442  -  -  692  692  164,134  
Purchased credit-impaired loans11--11----11
Total credit card & other346,749  3,090  1,986  351,825  -  -  692  692  352,517  
Total loans, net of unearned$15,511,957  $57,432  $28,882  $15,598,271  $129,765  $14,969  $69,012  $213,746  $15,812,017  

Total TRUPS includes LOCOM valuation allowance of $26.2 million.
Schedule Of Troubled Debt Restructurings Occurring During The Year
The following tables reflect portfolio loans that were classified as TDRs during the three and nine months ended September 30, 2015 and 2014:
Three Months Ended September 30, 2015Nine Months Ended September 30, 2015
  Pre-Modification  Post-ModificationPre-ModificationPost-Modification
OutstandingOutstandingOutstandingOutstanding
(Dollars in thousands) NumberRecorded InvestmentRecorded InvestmentNumberRecorded InvestmentRecorded Investment
Commercial (C&I):        
General C&I-  $-  $-2  $1,388  $1,325
Total commercial (C&I)-  -  -2  1,388  1,325
Consumer real estate:        
HELOC 56  6,918  6,820158  17,882  17,674
R/E installment loans20  988  97458  4,254  4,267
Total consumer real estate76  7,906  7,794216  22,136  21,941
Permanent mortgage -  -  -6  2,039  2,054
Credit card & other3  11  101559  56
Total troubled debt restructurings79  $7,917  $7,804239  $25,622  $25,376

Three Months Ended September 30, 2014Nine Months Ended September 30, 2014
  Pre-Modification  Post-ModificationPre-ModificationPost-Modification
OutstandingOutstandingOutstandingOutstanding
(Dollars in thousands) NumberRecorded InvestmentRecorded InvestmentNumberRecorded InvestmentRecorded Investment
Commercial (C&I):        
General C&I2  $1,031  $9704  $1,767  $1,492
Total commercial (C&I)2  1,031  9704  1,767  1,492
Commercial real estate:        
Income CRE-  -  -2  421  421
Residential CRE-  -  -1  976  960
Total commercial real estate-  -  -3  1,397  1,381
Consumer real estate:        
HELOC89  6,930  6,883253  20,999  21,208
R/E installment loans21  1,269  1,255138  9,544  9,450
Total consumer real estate110  8,199  8,138391  30,543  30,658
Permanent mortgage6  1,639  1,67230  8,314  7,839
Credit card & other16  107  10350  254  245
Total troubled debt restructurings134  $10,976  $10,883478  $42,275  $41,615
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months
The following tables present TDRs which re-defaulted during the three and nine months ended September 30, 2015 and 2014, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.
Three Months EndedNine Months Ended
September 30, 2015September 30, 2015
  RecordedRecorded
(Dollars in thousands)NumberInvestmentNumberInvestment
Commercial (C&I):    
General C&I-  $-  -  $-
Total commercial (C&I)-  -  -  -
Commercial real estate:    
Income CRE-  -  -  -
Residential CRE-  -  1  896
Total commercial real estate-  -  1  896
Consumer real estate:    
HELOC-  -  7  308
R/E installment loans2  50  4  162
Total consumer real estate2  50  11  470
Permanent mortgage-  -  -  -
Credit card & other1  2  4  10
Total troubled debt restructurings3  $52  16  $1,376

Three Months EndedNine Months Ended
September 30, 2014September 30, 2014
  RecordedRecorded
(Dollars in thousands)NumberInvestmentNumberInvestment
Commercial (C&I):    
General C&I2  $59  4  $512
Total commercial (C&I)2  59  4  512
Commercial real estate:    
Income CRE1  2,570  3  2,959
Residential CRE-  -  -  -
Total commercial real estate1  2,570  3  2,959
Consumer real estate:    
HELOC2  212  6  374
R/E installment loans1  132  8  500
Total consumer real estate3  344  14  874
Permanent mortgage1  347  3  1,128
Credit card & other-  -2  4
Total troubled debt restructurings7  $3,320  26  $5,477